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OFFERING PRICE:
$1,885,000
NOI (YEAR 1):
$75,383
TOTAL BUILDING AREA:
2,631 SF
TOTAL LAND AREA:
28,470 SF
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INVESTMENT HIGHLIGHTS
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Long-Term Lease – More than 7.5 years remaining on current 20 year term. Absolute NNN ground lease with fixed 15% rental increases every 5 years, and four (4) 5-year options to renew at fair market rates
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Below Market Rent – Jack in the Box is currently paying only $75,383 annually ($2.39 PSF/MN.), well below the estimated market rate of $126,288 annually ($4.00 PSF/MN.). The NOI is projected to grow over $54,000 (nearly 75%) after the current term expires in 2024 and rent is adjusted to a new market rate
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Corporate Absolute NNN Lease – Single tenant, absolute NNN ground lease – Tenant pays 100% of repairs and maintenance, property taxes and insurance, making this property perfect for passive “coupon clipper” investors
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Drive-Thru Use – Internet resistant tenancy such as fast food restaurants like Jack In The Box generate traffic and customer trips, and impermeable to the threat of internet competition
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CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
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FOR MORE
INFORMATION
PLEASE CONTACT:
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We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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